TENOR CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of TENOR CONCEPT is 2.2% (moderate). The 2026 annual accounts show equity of €85k and a net result of €42k. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 88 sector peers (fiscal year 2026). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability99▲+25
Solvency74▲+11
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.97 against 1.87 in 2025; short-term debt: 23.6% and cash: 8.9% of total assets), but 51.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
48.8%
Return on assets
24.2%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 24-08-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
7 d early
2025
23 d late
2024
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-01-2027 close31-08-2027 deadline
Financials · fiscal year 2026, abbreviated schema
Equity
€85k▲ 98.3%
2025 · €43k
2024: €39klowest in 3 years
2025: €43k▲ +11.3% vs 2024
2026: €85k▲ +98.3% vs 2025highest in 3 years
2024 → 2026
Total assets
€175k▲ 53.1%
2025 · €114k
2024: €101klowest in 3 years
2025: €114k▲ +12.7% vs 2024
2026: €175k▲ +53.1% vs 2025highest in 3 years
2024 → 2026
Net result
€42k▲ 869%
2025 · €4k
2024: €37k
2025: €4k▼ -88.1% vs 2024lowest in 3 years
2026: €42k▲ +869% vs 2025highest in 3 years
2024 → 2026
Working capital
€81k▲ 108%
2025 · €39k
2024: €34klowest in 3 years
2025: €39k▲ +15.7% vs 2024
2026: €81k▲ +108% vs 2025highest in 3 years
2024 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202420252026Trend
Equity€39k-€43k▲ 11.3%€85k▲ 98.3%
2024: €39klowest in 3 years
2025: €43k▲ +11.3% vs 2024
2026: €85k▲ +98.3% vs 2025highest in 3 years
Operating result€49k-€10k▼ 79.8%€52k▲ 428%
2024: €49k
2025: €10k▼ -79.8% vs 2024lowest in 3 years
2026: €52k▲ +428% vs 2025highest in 3 years
Net result€37k-€4k▼ 88.1%€42k▲ 869%
2024: €37k
2025: €4k▼ -88.1% vs 2024lowest in 3 years
2026: €42k▲ +869% vs 2025highest in 3 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 428% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €175k
Fixed assets
€52k ▲ 72.8%
Current assets
€122k ▲ 46.0%
Equity and liabilities €175k
Equity
€85k ▲ 98.3%
Debt
€89k ▲ 25.8%
Debt's share of the balance-sheet total falls from 62.4% to 51.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▲
2025 · €12k
Cash flow
€59k▲
2025 · €7k
Current ratio
2.97▲
2025 · 1.87
Debt to equity
1.05▼
2025 · 1.66
ROE
49.6%▲
2025 · 10.1%
ROA
24.2%▲
2025 · 3.8%
Interest coverage
30.86▼
2025 · 42.97
Debt ≤ 1 year
€41k▼
2025 · €45k
Debt > 1 year
€48k▲
2025 · €26k
Income taxes
€7k▲
2025 · €5k
Staff costs
€1k▼
2025 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 41 lines
Balance sheet
Code20252026
Assets
Total assets20/58€114k€175k▲
Fixed assets21/28€30k€52k▲
Tangible fixed assets22/27€30k€52k▲
Furniture and vehicles24€30k€52k▲
Current assets29/58€84k€122k▲
Amounts receivable within one year40/41€84k€107k▲
Trade receivables40€25k€37k▲
Other amounts receivable41€58k€70k▲
Cash at bank and in hand54/58-€16k
Equity and liabilities
Total equity and liabilities10/49€114k€175k▲
Equity10/15€43k€85k▲
Contributions10/11€2k€2k=
Outside capital11€2k€2k=
Other1109/19€2k€2k=
Profit (loss) carried forward14€41k€83k▲
Amounts payable17/49€71k€89k▲
Amounts payable after more than one year17€26k€48k▲
Financial debts170/4€26k€48k▲
Amounts payable within one year42/48€45k€41k▼
Financial debts43€6k-
Credit institutions430/8€6k-
Trade debts44€26k€37k▲
Suppliers440/4€1k€66▼
Bills of exchange payable441€25k€37k▲
Taxes, remuneration and social security45€13k€5k▼
Taxes450/3€13k€5k▼
Income statement
Code20252026
Remuneration, social security and pensions62€2k€1k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€16k▲
Other operating charges640/8€6k€4k▼
Gross operating margin9900€20k€74k▲
Operating profit (loss)9901€10k€52k▲
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€286€2k▲
Recurring financial charges65€286€2k▲
Profit (loss) for the period before taxes9903€10k€50k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€4k€42k▲
Profit (loss) for the period to be appropriated9905€4k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€83k▲
Profit (loss) brought forward from the previous period14P€37k€41k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3k | €2k | €1k | ▼ 34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €3k | €16k | ▲ 557% |
| Other operating charges640/8 | €822 | €6k | €4k | ▼ 20.8% |
| Gross operating margin9900 | €54k | €20k | €74k | ▲ 271% |
| Operating profit (loss)9901 | €49k | €10k | €52k | ▲ 428% |
| Financial income75/76B | - | - | €3 | - |
| Recurring financial income75 | - | - | €3 | - |
| Financial charges65/66B | €2k | €286 | €2k | ▲ 672% |
| Recurring financial charges65 | €2k | €286 | €2k | ▲ 672% |
| Profit (loss) for the period before taxes9903 | €47k | €10k | €50k | ▲ 421% |
| Income taxes67/77 | €10k | €5k | €7k | ▲ 42.9% |
| Profit (loss) for the period9904 | €37k | €4k | €42k | ▲ 869% |
| Profit (loss) for the period to be appropriated9905 | €37k | €4k | €42k | ▲ 869% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €101k | €114k | €175k | ▲ 53.1% |
| Fixed assets21/28 | €5k | €30k | €52k | ▲ 72.8% |
| Tangible fixed assets22/27 | €5k | €30k | €52k | ▲ 72.8% |
| Furniture and vehicles24 | €5k | €30k | €52k | ▲ 72.8% |
| Current assets29/58 | €96k | €84k | €122k | ▲ 46.0% |
| Amounts receivable within one year40/41 | €95k | €84k | €107k | ▲ 27.4% |
| Trade receivables40 | €58k | €25k | €37k | ▲ 44.1% |
| Other amounts receivable41 | €37k | €58k | €70k | ▲ 20.2% |
| Cash at bank and in hand54/58 | €2k | - | €16k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €101k | €114k | €175k | ▲ 53.1% |
| Equity10/15 | €39k | €43k | €85k | ▲ 98.3% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Outside capital11 | €2k | €2k | €2k | = |
| Other1109/19 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €37k | €41k | €83k | ▲ 103% |
| Amounts payable17/49 | €63k | €71k | €89k | ▲ 25.8% |
| Amounts payable after more than one year17 | - | €26k | €48k | ▲ 83.8% |
| Financial debts170/4 | - | €26k | €48k | ▲ 83.8% |
| Amounts payable within one year42/48 | €63k | €45k | €41k | ▼ 8.1% |
| Financial debts43 | - | €6k | - | - |
| Credit institutions430/8 | - | €6k | - | - |
| Trade debts44 | €52k | €26k | €37k | ▲ 39.3% |
| Suppliers440/4 | €52k | €1k | €66 | ▼ 94.6% |
| Bills of exchange payable441 | - | €25k | €37k | ▲ 45.8% |
| Taxes, remuneration and social security45 | €10k | €13k | €5k | ▼ 62.9% |
| Taxes450/3 | €10k | €13k | €5k | ▼ 62.9% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €4k | €42k | ▲ 869% |
| + Depreciation and write-downs630 | €1k | €3k | €16k | ▲ 557% |
| Operating cash flow (approximation) | €38k | €7k | €59k | ▲ 755% |
| Investment in fixed assets (approximation) | - | €-28k | €-38k | ▼ 38.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-01
Financial
Highest result since 2024net €42k ▲869%
Operating result €52k, net result €42k, both a record.
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
31-01
Financial
Weakest financial yearnet €4k ▼88.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Overijse · 1 establishment unit since 2022
Ground area
2,043 m²
Building footprint
281 m²
Volume, LiDAR
1,759 m³
2 parcels, Brussels, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
311
companies at this address
See who is registered here
1 establishment unit
TENOR CONCEPT
since 20222.335.314.788
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
| 21308H0614/00X000 | Brussels | 109 m² | 1 · 83 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SERVICES EXPERTS
BE 0598.729.134
Sint-Gillis (bij-Brussel) · Eq €85,126
Group Delta
BE 0634.687.925
Nazareth-De Pinte · Eq €85,069
Renovacis
BE 0450.288.747
Gent · Eq €85,168
BNG CONSTRUCT
BE 0640.710.140
Elsene · Eq €85,172
B.J. CONSTRUCT FACADE
BE 0541.996.507
Sint-Jans-Molenbeek · Eq €84,991
Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,242 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-2022
Fiscal year end31-01
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
Scores and ratios are computed by Checked and are not a credit decision.